Question: When a forecast is used to forecast future customer demand based on historical demand that is consistent or stable, we would use a: linear regression
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When a forecast is used to forecast future customer demand based on historical demand that is consistent or stable, we would use a:
linear regression forecast
Holt-Winter's forecast
2nd order polynomial regression forecast
moving average forecast
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For a given data set and using an exponential smoothing forecast, when the alpha value (i.e. smoothing constant) increases, the forecast becomes less responsive to recent data changes.
True
False
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For a given data set and using a moving average forecast, when the k value decreases or the number of data points in a moving average forecast decrease, the forecast becomes less responsive to recent data changes.
True
False
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